Amicus Brief: Koshy v. Sachdev, MA SJC

Abstract

Question presented: under what circumstances a judge may order the dissolution of a corporation on the ground that a deadlock exists and that irreparable injury to the corporation is threatened or being suffered; what constitutes a deadlock within the meaning of G. L. c. 156D, § 14.30 (2). The Amici write to call the Court’s attention to a very recent decision of Delaware’s highest court addressing similar issues under a Delaware judicial dissolution statute that is comparable in many respects to G. L. c. 156D, § 14.30 (2).

Keywords: corporate, dissolution, deadlock

JEL Classification: K22